PHOTO: Sydney – Australia
IN THE event of a housing market crash, which even the PM concedes is a possibility, the effects won’t be felt equally across the nation.
NOW even the Prime Minister is talking about it.
An Australian housing crash is no longer a wild hypothesis pushed by a few people, it is a major talking point. The TV program 60 Minutes did a big investigation last week and now PM Scott Morrison has been out warning we could have a devastating house price crash if a few policies are tweaked. (Is it wise for him to talk like that when these things run on confidence? That’s another question.)
Are you going to see a removal truck in your street one day and discover the bank has taken your neighbour’s house? Could the bank come for your house? The data show a concerning picture.
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